Returns – Page 163
-
News
Estonian LHV fund shows best results
ESTONIA – Recovering equity markets have boosted Estonian pension plans but the return rates differed greatly among the six providers in the mandatory market.
-
News
UK DB deficit increases to £173bn
[16:15 CEST 08-09] UK - The aggregate deficit of almost 7,400 DB funds worsened by £15.1bn (€17.3bn) over the month of August to reach £173.2bn by the month-end, according to the Pension Protection Fund (PPF).
-
News
BT refuses to be drawn on partial buy-out rumours
[17:55 CEST 07-09] UK - Both BT and Hermes, investment managers of the BT Pension Scheme, have refused to comment on press speculation that BT is considering a partial buyout of the scheme.
-
News
Luzern fund recovery gets go ahead
[15:45 CEST 04-09] SWITZERLAND – The city of Luzern has agreed to a recovery plan for the CHF1bn (€660m) fund which will see CHF10m flow into the fund immediately.
-
News
Hammersmith and Whitbread reveal strategic decisions
[15:30 CEST 04-09] UK – The London Borough of Hammersmith & Fulham has decided against adopting a currency hedge strategy for its £438.5m (€503.4m) pension fund, but will keep the option under review.
-
News
Dutch cover ratios return to 107% - Hewitt
[15:00 CEST 04-09] NETHERLANDS - The cover ratio of the average Dutch pension fund rose to 107% by the end of August, after reaching an absolute low of 90% in early March, consultancy firm Hewitt Associates has claimed.
-
News
Irish managed funds return 3% in August
[16:45 CEST 03-09] IRELAND – Irish managed pension funds have produced a positive return for the sixth month in a row, resulting in an average return of 14.5% in the first eight months of 2009.
-
News
Danish pensions buoyed by investment returns
[17:20 CEST 02-09] DENMARK - Improved investment results have boosted returns at several of Denmark’s pension funds in the first half of the year, but weak workforce mobility and job losses have hit contribution and transfer income for some funds.
-
NewsUK DB liabilities top £1trn
[17:15 CEST 01-09] UK – The combined pension liabilities shown in company accounts for the UK’s 200 largest privately-sponsored pension schemes has reached £500bn (€567bn) for the first time, according to Aon Consulting.
-
News90% of UK DB schemes now closed
[17:10 CEST 01-09] UK – The first report of the Association of Consulting Actuaries’ survey on pension trends has found that 87% - nearly nine out of ten – UK DB schemes are now closed to new entrants. Of these, 18% are also closed to future accrual.
-
NewsVER returns 5.3% on equity gains
[17:00 CEST 28-08] FINLAND – Improvements in equity markets helped Valtion Eläkerahasto (VER), the State Pension Fund, post a return of 5.3% in the first half of 2009.
-
NewsAP3 rises 5.2% but warns system rebalancing takes time
[16:55 CESt 28-08] SWEDEN – Tredje AP-fonden (AP3), one of the four buffer funds, reported a net first half return of 5.2%, but warned the pension system's balancing mechanism will still be activated in 2010 meaning pension benefits and entitlements will not be indexed in line with wage growth.
-
NewsDiageo uses escrow funds to plug pensions deficit
[16:00 CEST 28-08] UK – Diageo, the drinks giant, is transferring money set aside in an escrow account into its closed defined benefit pension fund, in a bid to improve the scheme’s deficit.
-
NewsNorway domestic pension returned 12.8%
[16:45 CEST 27-08] NORWAY – The Government Pension Fund – Norway achieved an investment return of 12.8%, or NOK11bn, in the first half of 2009 as the total value of its investment assets reached NOK98.9bn (€11.4bn).
-
NewsASIP calculates 3.4% Swiss return
[16:40 CEST 27-08] SWITZERLAND – Swiss pension funds returned 3.4% for the first half of 2009, according to calculations made by Watson Wyatt for the Swiss pension fund association ASIP.
-
NewsAP1 changes yield 6.7% return
[17:25 CEST 26-08] SWEDEN - Första AP-fonden (AP1), the First Swedish National Pension Fund, has reported a net first-half return of 6.7%, following the implementation of a new investment model.
-
News
Oil returns drive ATP's DKK3.3bn profit
[17:20 CEST 26-08] DENMARK – ATP Group has reported a first-half profit of DKK3.3bn (€443m) as its investment portfolio achieved a market return of 3%, or DKK11bn gross, thanks to positive returns in four of its five investment risk classes.
-
News
Ulster and RBS salary cap plans ignite unions
[17:15 CEST 26-08] UK – Planned changes by Ulster Bank and its parent company Royal Bank of Scotland to its defined benefit (DB) schemes, such as capping pensionable salary at 2% or the rate of inflation have met with resistance from trade unions.
-
NewsCumbrian pensions funding drops to 56%
[16:45 CEST 25-08] UK – The Cumbria County Council pension fund had a 56% funding level at the end of March 2009, according to figures from the council's statement of accounts.
-
NewsEquities bring AP4 a strong first-half return
[16:30 CEST 25-08] SWEDEN – Fjärde AP-fonden (AP4) the Fourth Swedish National Pension Fund, reported a gross first-half return of 7.9% as its 60% allocation to equities benefited from the recent stock market improvements.
